The National Land Monetization Corporation (NLMC), a government company under the Department of Public Enterprises in the Ministry of Finance, is preparing to auction 459 land parcels belonging to Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant. The e-auction will take place in two phases in October 2026, offering prospective buyers a range of residential and commercial plots across Visakhapatnam.
To help bidders understand the online process, NLMC conducted mock e-auction training sessions on October 6 and 7, 2026. These sessions familiarised participants with the digital bidding platform before the live auctions begin.
Key facts
- Total land parcels: 459 plots covering 93,572.21 square yards
- Locations: HB Colony, Maddilapalem, Auto Nagar and Gajuwaka in Visakhapatnam
- Plot sizes: range from 128.94 to 2,728 square yards
- Phase 1: 243 plots on October 12, 2026, 11:00 AM to 7:00 PM
- Phase 2: 216 plots on October 16, 2026, 11:00 AM to 7:00 PM
- Registration deadline for Phase 1: October 8, 2026, 5:00 PM
- Registration deadline for Phase 2: October 14, 2026, 5:00 PM
- Earnest Money Deposit (EMD): Rs 2 lakh per plot
- E-auction platform: RailTel E-Nivida e-Procurement Portal
- Transaction Consultant: Quikr India Pvt. Ltd.
What is being auctioned
RINL is offering 459 encumbrance-free (unencumbered by legal claims) plots spread across premium locations in Visakhapatnam. The properties vary widely in size, ranging from approximately 129 to 2,728 square yards, giving buyers options suited to different needs. All plots are located in established residential and commercial areas of the city.
How the e-auction will work
The auction will be conducted through an online bidding platform accessible via the RailTel E-Nivida e-Procurement Portal. Prospective bidders must first register and submit an Earnest Money Deposit (EMD) of Rs 2 lakh per plot. The registration and EMD submission must be completed before the respective deadlines for each auction phase. The auction will run from 11:00 AM to 7:00 PM on both days, allowing bidders to place bids online during this window. Quikr India Pvt. Ltd. is managing the transaction process as the consultant.
Eligibility and participation
To participate, bidders must register on the e-auction portal and submit the required EMD before the deadline. For the first phase on October 12, the last date for completing both registration and EMD submission is October 8, 2026, at 5:00 PM. For the second phase on October 16, the deadline is October 14, 2026, at 5:00 PM. Detailed information about eligibility criteria, terms and conditions, and plot specifications is available on the official e-auction portal at https://eauction.enivida.com/.
Training for bidders
NLMC conducted two mock e-auction training sessions to help prospective bidders prepare. A physical training session was held at Fairfield by Marriott in Visakhapatnam on October 6, 2026, where participants could experience the bidding platform in a simulated environment. An online training session followed on October 7, 2026, for those unable to attend in person. Both sessions covered the bidding interface, participation procedures and key aspects of the online auction process. This hands-on approach aims to ensure bidders are comfortable with the digital platform before live bidding begins.
Investor outreach
Ahead of the e-auction, NLMC organised investor meets in Visakhapatnam, Vijayawada and Hyderabad. These sessions provided prospective buyers with detailed information about the land parcels, auction procedures, eligibility requirements and timelines. Participants attended both in person and online, including interested buyers from outside the region and overseas.
What this means for you
If you are interested in purchasing land in Visakhapatnam, this auction offers an opportunity to bid on plots in established areas through a transparent, online process. You will need to register and deposit Rs 2 lakh per plot before the deadline. The specific deadlines depend on which phase you wish to bid in. All plot details, terms and conditions, and registration procedures are posted on the official e-auction portal.
What happens next
The first phase auction will be held on October 12, 2026, from 11:00 AM to 7:00 PM. Bidders must complete registration and submit EMD by October 8, 2026, at 5:00 PM. The second phase auction is scheduled for October 16, 2026, from 11:00 AM to 7:00 PM, with registration and EMD deadlines on October 14, 2026, at 5:00 PM. Prospective bidders can access all information and begin the registration process on the e-auction portal.